Surviving Financial Crises


What are fraudulent transactions?

Fraudulent transactions are when a client knowingly, with malice, opens many credit cards, knowing that he or she can never pay them off. During the interview with your attorney, they will ask a series of questions that will determine if there is any kind of fraudulent use of credit. If there is, the creditor may object to the payment plan in Chapter 13. Under Chapter 7, if a creditor objects to the full discharge of the debt, a separate hearing to cover these items will be held, and the trustee will make the final decision.


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